John Quigley's solution to the mortgage crisis

But for two things, I like it:The foreclosure crisis is at the heart of the more general economic crisis. Protecting homeowners at risk of foreclosure is therefore an obvious priority. Here I outline a plan to ameliorate the foreclosure crisis, using the FHAs mortgage authority to force lenders to recognize the actual values of homes and thus to restructure loans accordingly. The plan has four basic elements.1) All those who purchased homes after a specified date are eligible, period. There is

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